3816 Ventnor Ave
Property Description
Discover an outstanding investment opportunity in a prime location just minutes from Stockton University and only a short walk to Atlantic City's beautiful beaches, world-famous Boardwalk, casinos, restaurants, shopping, and public transportation. This income-producing mixed-use triplex offers the perfect combination of immediate cash flow and long-term appreciation. The street-level pizza shop is leased under a Triple Net (NNN) lease, providing reliable income with minimal landlord expenses. The second-floor apartment is currently rented at $1,500 per month, while the newly renovated third-floor 3-bedroom apartment is vacant and move-in ready, with a projected rental income of approximately $2,100 per month. Whether leased to a long-term tenant, used for student housing, or occupied by the new owner, this beautifully updated unit offers exceptional flexibility. When fully occupied, the property has the potential to generate over $70,000 in annual gross rental income, making it an excellent addition to any investment portfolio. With its unbeatable location, strong income potential, and opportunity for future growth, this property is ideal for investors seeking passive income or buyers looking to offset their mortgage with rental revenue. Showings begin July 1st. Please do not disturb tenants.Broker Details
eXp Realty, LLC (866) 201-6210
MLS ID: 395164 State License Number: 1433112
Key Property Information
| Listing Status: | Under Contract |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $549,900 |
| No. of Units: | 3 |
| Year Built: | 1925 |
| Opportunity Zone: | No |
| Price per unit: | $183,300 |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 3 |
ID: 3yd-SJSRMLSNJ-609351
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